Sunrise

Closed its round raising RMB 2B; post-money valuation ~RMB 20B—nearly doubling from the RMB 10B valuation less than half a year prior (April 2026). Investor structure featured three parallel lines: 'Industrial players + National team + Financial institutions': Industrial capital included CP Group, Andon Health, Yingfeng Environment, Tongcheng Travel; State-owned/insurance capital included PICC Capital (PICC Equity), CCB Trust Equity; Financial institutions included DeepTech Ventures, Zhongke Chuangxing, Janchor Partners. The company responded to media with 'No further comment available at this time.' ⚠️ This round was previously completely missing from the Wujie Frontier company database. | Source: Dark Waves / Sina Finance 'Xiwang raises another RMB 2B, valuation doubles to RMB 20B in four months' (Aug 2026) · IT Juzi VC Daily (2026-08-28)